Insider Selling: Dorman Products (NASDAQ:DORM) SVP Sells $97,607.29 in Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna Long sold 947 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total transaction of $97,607.29. Following the sale, the senior vice president owned 20,073 shares of the company’s stock, valued at $2,068,924.11. This represents a 4.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dorman Products Trading Down 0.4%

DORM opened at $100.92 on Thursday. The stock has a market capitalization of $3.05 billion, a PE ratio of 15.20 and a beta of 0.92. Dorman Products, Inc. has a one year low of $99.01 and a one year high of $166.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 3.09. The business’s 50 day moving average price is $121.67 and its 200 day moving average price is $133.57.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.02. The company had revenue of $537.93 million during the quarter, compared to analysts’ expectations of $573.38 million. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, equities research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Institutional Trading of Dorman Products

Institutional investors and hedge funds have recently bought and sold shares of the business. Hillsdale Investment Management Inc. increased its stake in Dorman Products by 34.8% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 44,960 shares of the auto parts company’s stock worth $5,515,000 after buying an additional 11,600 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Dorman Products by 15.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock worth $29,700,000 after buying an additional 25,710 shares in the last quarter. First National Bank of Omaha purchased a new position in Dorman Products in the 3rd quarter valued at approximately $5,099,000. Capital Fund Management S.A. acquired a new position in shares of Dorman Products in the second quarter worth $1,423,000. Finally, Tributary Capital Management LLC grew its stake in shares of Dorman Products by 90.5% in the third quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after acquiring an additional 111,380 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating and set a $150.00 price target on shares of Dorman Products in a research report on Wednesday. Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Wells Fargo & Company lowered their price objective on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Weiss Ratings downgraded shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Finally, Zacks Research lowered Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Dorman Products Company Profile

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.